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Robert W. Baird Reaffirms Their Buy Rating on Fidelity National Info (FIS)

In a report issued on March 28, David Koning from Robert W. Baird maintained a Buy rating on Fidelity National Info (FISResearch Report), with a price target of $138.00. The company’s shares closed last Tuesday at $101.99.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 10.4% and a 64.8% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Exlservice Holdings.

Fidelity National Info has an analyst consensus of Moderate Buy, with a price target consensus of $132.00, a 34.5% upside from current levels. In a report issued on March 28, KeyBanc also maintained a Buy rating on the stock with a $135.00 price target.

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Based on Fidelity National Info’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.67 billion and net profit of $291 million. In comparison, last year the company earned revenue of $3.32 billion and had a net profit of $104 million.

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Incorporated in 1968, Florida-based Fidelity National Information Services, Inc. operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions.

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